Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Arcus against Popdex+0.012%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 4 days (all we have)−0.005%$0 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now +0.012%, 7d avg +0.028%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,442 | 0.0096 | pay 0.0012% / 1h | 11m 06s | $8.4M | $55.1M | 100x |
| Short | Arcus BTC-USD | 85,452.1 | 0.0100 | get 0.0013% / 1h | 11m 06s | $4.7M | $99.4M | 40x |
Popdex BTCUSDT
Arcus BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.012% → +0.028%
- −$1.62
- Slippage, 4 orders
- −$3.22
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$14.9
- Costs to cover
- 0.141%
- Break-even
- 131.1 days
Slippage from Popdex: live order book, 3 min ago; Arcus: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Popdex live order book, 3 min ago | 0.06 bp | 4.5 bp −$4 | 4.5 bp −$45 | 5.0 bp −$495 | 6.4 bp −$3,215 |
| Sell Arcus live order book, 3 min ago | 0.01 bp | 2.3 bp −$2 | 2.3 bp −$23 | 3.3 bp −$332 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,504 | +0.073% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,469 | +0.032% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,444.8 | +0.003% | $919.4M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,443.4 | +0.002% | $420.3M | $675.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,437.9 | −0.005% | $514.4M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,460.9 | +0.022% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,452.3 | +0.012% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,448.6 | +0.008% | $24.4M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,455.9 | +0.016% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0029% | 1h | 85,493.3 | +0.060% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.129% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0045% | 1h | 85,448 | +0.007% | $59.9M | $335.9M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0049% | 1h | 85,491.5 | +0.058% | $872.1M | $1.60B | 50x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,421.1 | −0.024% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,448.5 | +0.008% | $148.6M | $497.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,442.4 | 0.000% | $2.95B | $5.12B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,439.8 | −0.003% | $2.8M | $3.5M | 20x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,448.3 | +0.007% | $9.44B | $24.47B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,450.7 | +0.010% | $5.07B | $5.68B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,461.9 | +0.023% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,463.4 | +0.025% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,442 | long leg | $8.4M | $55.1M | 100x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,433 | −0.011% | $228K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,511.9 | +0.082% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,532.5 | +0.106% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,487.3 | +0.053% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,445.4 | +0.004% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,451.1 | +0.011% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,465 | +0.027% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USDshort | +0.0100% | 1h | 85,452.1 | +0.012% | $4.7M | $99.4M | 40x | |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | +0.016% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,443.8 | +0.002% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,439.2 | −0.003% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | +0.055% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,455.6 | +0.016% | $279.2M | $930.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,470.5 | +0.033% | $214.8M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,468.6 | +0.031% | $139.7M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468 | +0.030% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,508.1 | +0.077% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,445 | +0.004% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,443 | +0.001% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,432.6 | −0.011% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,492.4 | +0.059% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,426.4 | −0.018% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,419.6 | −0.026% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,439.1 | −0.003% | $2.26B | $950.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,414.1 | −0.033% | $45.8M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,465.5 | +0.027% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,484 | +0.049% | $117.5M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,434.5 | −0.009% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,467.5 | +0.030% | $187.7M | $956.7M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0166% | 8h | 85,476 | +0.040% | $11.5M | $753.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,485 | +0.050% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,456.4 | +0.017% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,481.3 | +0.046% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0250% | 1h | 85,504.3 | +0.073% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD